The Education (Student Loans) Regulations 1994

Amounts of loans

6.—(1) Subject to paragraphs (3) to (5), in the case of a student attending a course at the University of London or at any institution within the area comprising the City of London and the metropolitan police district, the maximum amount of the loan in relation to any academic year shall be—

(a) if the year is the final year of the course, £780 if he resides at his parents' home, and £1,240 if he does not; and

(b) if the year is any other year of the course—

(i) if he resides at his parents' home, £1,065,

(ii) if a local education authority have determined in respect that year that his case falls within the exception to paragraph 2(1)(c) of Schedule 2 to the Education (Mandatory Awards) (No 2) Regulations 1993(1), or to the Education (Mandatory Awards) Regulations 1994(2), £1,530, or

(iii) in any other case, £1,695.

(2) Subject to paragraphs (3) to (5), in the case of any other student the maximum amount of the loan in relation to any academic year shall be—

(a) if the year is the final year of the course, £780 if he resides at his parents' home, and £1,010 if he does not; and

(b) if the year is any other year of the course, £1,065 if he resides at his parents' home, and £1,385 if he does not.

(3) Where a student’s course includes a period of residence in a country other than the United Kingdom throughout an academic year, the maximum amount of the loan in relation to that academic year shall be £1,010 if the year is the final year of the course and £1,385 if it is not.

(4) Where a student’s course is an accelerated course, paragraph (1)(a) shall have effect as if for £780 and £1,240 there were substituted £1,065 and £1,695 respectively and paragraph (2)(a) shall have effect as if for £780 and £1,010 there were substituted £1,065 and £1,385 respectively.

(5) For the purposes of paragraphs (1) to (3), where a postgraduate course of initial training for teachers is of only one academic year’s duration that year shall not be treated as a final year, and for the purposes of paragraphs (1) and (2) a student’s place of residence is his place of residence on the date a certificate is given in respect of him pursuant to regulation 13.

(1)

S.I. 1993/2914, to which there are amendments not relevant to these Regulations.

(2)

S.I. 1994/3044.